By Asia Analytica / The Edge Financial Daily | July 19, 2016 : 11:01 AM MYT
This article first appeared in The Edge Financial Daily, on July 19, 2016.
Classic Scenic Bhd (-ve)
SHARES in Classic Scenic Bhd (fundamental: 3/3, valuation: 2/3) rose 4.29% to its all-time-high of RM1.46, after 405,900 shares were traded yesterday.
Classic Scenic was last featured in “Stocks with Momentum” on March 22. It has risen by 12.3% since. Year to date, it has increased by 25.86%. Its share price has a 52-week range of RM1.09 to RM1.46.
For the first quarter ended March 31, 2016, Classic Scenic reported a net profit of RM4.18 million, which was 54.03% higher than the RM2.71 million it achieved a year ago, while revenue grew 10.99% to RM15.44 million, from RM13.91 million. Classic Scenic said the improvements were mainly due to higher sales revenue and lower operating expenses.
The group has a decent dividend yield of 7.14%. It is trading at a trailing price-earnings ratio of 15.31 times. At its current share price, it has a market capitalisation of RM175.93 million.
CSCENIC (7202) - Stock With Momentum: Classic Scenic
http://www.theedgemarkets.com/my/article/stock-momentum-classic-scenic-1
